Should be interesting when congress votes to raise the debt ceiling in April. The stock market is artificially being pushed up by the institutional buyers. Gold has had a nice little pull back. Time to get in if you can.....

I have been reading articles that in attempts to manipulate the market and keep silver artificially low, JP Morgan has over the years shorted more silver than exists on the planet. Historically, silver has been at a value of 1/16th that of gold. However, now, its about 1/48th the value of gold. Silver has some real upside right now, in spite of the fact that many want the value of precious metals to go away.

Gold rose sharply, up $11 today, on the release of the higher than expected UK inflation data. It showed that UK inflation quickened to 26 month highs at 4.0%. Currency debasement and higher food and energy prices are leading to an inflation surge in both developed and emerging markets.

The world’s largest bond fund sharply cut its exposure to US government-related debt in January, before US bond yields rose this month to their highest level in almost a year. Pimco’s Total Return Fund, run by Bill Gross, a founder of Pimco, reported that its holdings of US government-related securities fell from 22 per cent in December to 12 per cent in January.

Inflation. What Inflation?

• Corn futures nearly doubled last year.

• Retail banana prices rose 21 percent.

• A pound of coffee cost $4.15 last year, up 13 percent from the year before.

• Duncan Donuts hiked coffee prices by 9 percent last year, and expects to hike another 10 percent this year.

The White House projected Monday that the federal deficit would spike to $1.65 trillion in the current fiscal year, the largest dollar amount ever, adding pressure on Democrats and Republicans to tackle growing levels of debt.

The IMF is trying to move the world away from the U.S. dollar and towards a global currency once again. In a new report entitled "Enhancing International Monetary Stability—A Role for the SDR", the IMF details the "problems" with having the U.S. dollar as the reserve currency of the globe and the IMF discusses the potential for a larger role for SDRs (Special Drawing Rights). But the IMF certainly does not view SDRs as the "final solution" to global currency problems. Rather, the IMF considers SDRs to be a transitional phase between what we have now and a new world currency.

Ron Paul blasted the Federal Reserve in an appearance on CNBC star Larry Kudlow's show. Some economic observations from Paul: 'We have so much unemployment, it is so undercounted. The free market economists report that there is probably 22% of unemployment. They pumped in $4 trillion, they should have added a lot of jobs, but how much did it cost us, and that of course is the price inflation that will come. We are moving into another 30 year period where we are going to see a reversal of interest rates, and we are going to see a crashing of the bonds like we saw 30 years ago and it's going to last a long, long time. The Fed deserves the blame for the inflation, and for the unemployment.'

Old Yeller’s less precious cousin is continuing its recent tear, with Silver surging more than 3% on the Comex to close at $30.27/oz. Silver has gained about 13% since Jan. 25 and its close above $30 is considered technically promising. Silver has been up four straight sessions and seven of the last eight.

That just makes gold more valuable according to the law of supply and demand. It will be something very valuable that most people won't have. They may even kill me over it. I guess that's a way gold won't do me good.

That just makes gold more valuable according to the law of supply and demand. It will be something very valuable that most people won't have. They may even kill me over it. I guess that's a way gold won't do me good.

The guy gnawing on your leg for protein will be your most immediate concern.

Even if 20 % of the people plan ahead and store up food and supplies can you imagine what five and one half billion starving and sick people would look like out the kitchen window.